Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Sharing Wisdom, Building ValuesFamily Dynasties

Sharing Wisdom, Building Values: Family Dynasties [It is estimated that the average life span of a business is less than 50 years. Family businesses, not known for their lon-gevity, normally survive only one generation, or about 30 years. Nevertheless, a number of businesses have beaten the odds, lasting more than 100 years, and a few of these have even been around for several centuries. Of these venerable enterprises, a large portion are family-owned. Among the best known examples are Beretta (Italy), founded in 1526; Mitsui (Japan), founded in 1673; or Marie Brizard (France), founded in 1755. Also among this august group of long survivors are the two family businesses at the heart of this chapter: the Takanashi family business was founded in 1661 in Japan, and the Frescobaldi business was founded in 1092 in Italy. Amazingly, they have lasted almost 350 years and more than 900 years respectively.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Sharing Wisdom, Building ValuesFamily Dynasties

Download PDF
15 pages

Loading next page...
 
/lp/springer-journals/sharing-wisdom-building-values-family-dynasties-3B0VsMDpWW

References (0)

References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.

Publisher
Palgrave Macmillan US
Copyright
© Palgrave Macmillan, a division of Nature America Inc. 2011
ISBN
978-1-349-58468-0
Pages
101 –116
DOI
10.1057/9780230116207_8
Publisher site
See Chapter on Publisher Site

Abstract

[It is estimated that the average life span of a business is less than 50 years. Family businesses, not known for their lon-gevity, normally survive only one generation, or about 30 years. Nevertheless, a number of businesses have beaten the odds, lasting more than 100 years, and a few of these have even been around for several centuries. Of these venerable enterprises, a large portion are family-owned. Among the best known examples are Beretta (Italy), founded in 1526; Mitsui (Japan), founded in 1673; or Marie Brizard (France), founded in 1755. Also among this august group of long survivors are the two family businesses at the heart of this chapter: the Takanashi family business was founded in 1661 in Japan, and the Frescobaldi business was founded in 1092 in Italy. Amazingly, they have lasted almost 350 years and more than 900 years respectively.]

Published: Feb 17, 2016

Keywords: Family Business; 31st Generation; Family Property; Moral Legacy; Subsidiary Company

There are no references for this article.